Guideline Value for KALAIVANI STREET

Kalaivani Street guideline value

The current guideline value of Kalaivani Street in Porunthavakkam village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Kalaivani Street has changed

The guideline value for Kalaivani Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 1,474 per sq.ft. Following this, the 2023 revision raised the value to Rs 2,200 per sq.ft, and the most recent revision in 2024 increased it further to Rs 2,420 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Porunthavakkam

In Porunthavakkam, there are 23 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,760 to Rs 4,950 per sq.ft. The median value is Rs 2,420 per sq.ft, which is equal to the guideline value of Kalaivani Street.

• Kalyani Street: Rs 2,420 per sq.ft (2024)
• Kalyaniyammal Street: Rs 2,420 per sq.ft (2024)
• Kamaraj Street: Rs 2,420 per sq.ft (2024)
• Kandaswamy Road: Rs 2,420 per sq.ft (2024)
• Jemes Street: Rs 2,420 per sq.ft (2024)
• Iyapa Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty calculated at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, making the total charges Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaivani Street?

Kalaivani Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Porunthavakkam

The guideline value plays a crucial role in property transactions in Porunthavakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must ensure that the transaction value is aligned with the guideline value to avoid any discrepancies during registration.

When registering a property, the guideline value ensures that the government receives the appropriate taxes based on the property's worth. It is essential for both parties involved in the transaction to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Kalaivani Street?

The current guideline value of Kalaivani Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,420 per sq.ft in 2024.

What is the land classification for Kalaivani Street?

Kalaivani Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Kalaivani Street?

The Pallavaram Sub Registrar Office covers Kalaivani Street and is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Kalaivani Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,69,400.